Canbank Venture Capital invests in Guwahati hospital

Our Bureau Kolkata | Updated on April 04, 2013 Published on April 04, 2013

Bangalore-based Canbank Venture Capital Fund Ltd has invested nearly Rs 20 crore in the upcoming 300-bedded GNRC Hospitals based in Guwahati. Canbank Venture is a wholly owned subsidiary of Canara Bank.

According to a press statement issued by GNRC, the total project cost for setting up the 300-bedded hospital would be close to Rs 92 crore.

Promoted by Dr Nomal Chandra Borah in 1985, GNRC specialises in neuro-related ailments.

GNRC has two tertiary care hospitals (GNRC – Dispur & GNRC Six Mile) with total capacity of 215 beds, said a company spokesperson.

“The investment now raised as venture finance from Emerging India Growth Fund, a Rs 500-crore fund managed by Canbank Venture is being used to part finance the setting up of a 300-bedded Super Specialty Hospital at north Guwahati, Assam, and for modernisation, upgradation, expansion of existing facilities,” the release said.

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Published on April 04, 2013
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